Posted by domdom860 > 2019-03-08 19:32 | Report Abuse

aiyo... why up so fast... keep stay at 0.42-0.425 ma...keep buy cheap price 1st make more volume.
Sellers so good guy1 .he away push the volume let the price down.he happy do like tat, we must follow him.

Posted by Yu_and_Mee > 2019-03-11 05:52 | Report Abuse

It's cheap to go to London to buy Biscuits now. Soon the price to go to London to buy Biscuits will be getting higher because the environment (chart) has showing the sign.

Posted by domdom860 > 2019-03-11 09:41 | Report Abuse

hold on like tis . wait the sellers push sell the volume.

Posted by domdom860 > 2019-03-11 15:04 | Report Abuse

nice

Posted by shpg22 > 2019-03-11 16:43 | Report Abuse

London biscuit to be rename Holland Biscuit soon

Posted by domdom860 > 2019-03-11 16:59 | Report Abuse

i dont think so. bcoz wen u call strong sell tat day start
. 你应该知道之后d结果.
你不是走佬了吗？ 为什么还那么在意它

Posted by domdom860 > 2019-03-11 18:42 | Report Abuse

Tis morning sellers still can push out big volume for drop the price down. tat mean no nid buy the high price 1st (sellers price) . 2molo keep buy 0.420-0.425 . if can down to 0.400 lagi best.., but i dont think so can do tat..

Posted by bi0hazard > 2019-03-11 19:53 | Report Abuse

Someone try to create panic here, if he is not interested in this counter, why everyday here... Lol
London or holland also none of his business

Posted by domdom860 > 2019-03-11 21:56 | Report Abuse

bi0hazard no idea why he still here
ai..

Posted by brain > 2019-03-11 23:00 | Report Abuse

I m waiting at 40

Posted by domdom860 > 2019-03-12 08:57 | Report Abuse

brain =b but i dont think so can down back 0.40.. coz tis week n next week will go up 0.46-0.48, if i didt wrong calcul.. hahaha( dont true me so much , tis calcul for my self only) u waitng on 0.40 is good1.

Posted by commonsense > 2019-03-12 11:52 | Report Abuse

The recent 4 quarters growth of profit alone is already an appeal to buy into the stock. With the 12 months trailing profit of around RM16mil, the company is currently only being valued at an undemanding valuation of 6.7x PE. That alone should attract some value investors.

However, the qualified opinion issued by the company’s auditor on London Biscuits 2018 financial statement last month puts in doubt on the sanctity of its numbers. Any profit that is shown since FY18 are now at risk. The 5 issues highlighted by the auditors are:

1) Inventories value as of 30 Sept 18. This can potentially affect the cost of sales recorded by the company. A lower inventory means higher cost of sales which would mean lower profit.

2) Related party transaction with Secret Ingredients Sdn Bhd. I don’t really see this as a big prob.

3) Misstatement of account balance for FY17. Initially I thought it was not that serious as sometimes items are categorised in different categories by different management/ auditors. The net result would actually still be the same. However, what surprise me the most was the “deposit and cash balance” as this is normally quite straight forward. Basically, you just need to check you cash balance in your account bank to come up with the numbers. However, London Biscuit, indicated in their Annual report that there was a downward adjustment to the cash balance from RM67.8mil to RM9.6mil. This is a big red flag. If you can’t even get the cash balance correct, then the other numbers in the balance sheet like receivables, payables etc are also in doubt.

4) Problems in verifying the Trade receivables value. Like I said, if you already have issues with Cash Balance, then you most probably have issues with the other items in the balance sheet as well.

5) Lack of evidence for the acquisition of machineries amounting to RM52.5mil. Should be straight forward. Just show the new machine to the auditors along with the documents backing the purchase.

With all these issues, I think it would be safer for investors to wait for the reaudit report first. But like I said, some of the issues like the “cash and deposit balance” is a real big red flag. Hopefully management will be able to explain this soon.

If you are looking to hedge your portfolio outside of London Biscuit (due to the risks relating to the qualified opinion by the auditor), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by domdom860 > 2019-03-12 12:56 | Report Abuse

hmm. 有道理. 那就得等到annual meeting了.

Posted by MahjongAuntie > 2019-03-12 17:17 | Report Abuse

请教各位高人

为什么之前会有0.66 下到0.55的现象发生？

Posted by LuckyG > 2019-03-12 19:43 | Report Abuse

Qualify report

Posted by domdom860 > 2019-03-13 08:52 | Report Abuse

话说. 那些被套在高楼的住客. 这几天的低价时段都 自救了吗？

Posted by domdom860 > 2019-03-13 10:35 | Report Abuse

is time for average ^^

Posted by shpg22 > 2019-03-13 22:54 | Report Abuse

The someone here is trying to warn you not to buy rubbish stock, not to create panic. Warning has been given out since Jan 19, way before the dive.

bi0hazard Someone try to create panic here, if he is not interested in this counter, why everyday here... Lol
London or holland also none of his business

Posted by domdom860 > 2019-03-14 09:13 | Report Abuse

thanks for your reminder . if u dont look good tis counter pls.. jz left . dont away gv -comment .若你感到不安稳,不安全 里开就好 反正你在高价时 你就已卖出了.

Posted by domdom860 > 2019-03-14 09:16 | Report Abuse

只是 你大力的宣导 这股有问题 但你依旧在这. 我可以用别的思维方式来看待你吗？

Posted by shpg22 > 2019-03-14 09:33 | Report Abuse

I commented on every stocks good or bad. Neutral review for all, with no hidden agenda. What makes u think that only good review is allowed??

Posted by domdom860 > 2019-03-14 09:36 | Report Abuse

评估好坏 个人观点都不同. 但不是像你这样的给人一种 强迫性方式 strong sell 或 不建议买 之内

Posted by domdom860 > 2019-03-14 09:38 | Report Abuse

被你这样的方式 评论 .你认为会没带来一点影响吗 ？

Posted by domdom860 > 2019-03-14 09:48 | Report Abuse

你觉得它不好不安全 高价时段 你也卖了 . 你大可以去看别的股.为何还在这给差评 ? 为何必须给他致命 ? 你想过那些 高楼的住客吗 ？ 还是说先给它致命后,再带来的利益 ？

Posted by shpg22 > 2019-03-14 09:48 | Report Abuse

STRONG SELL = in my opinion a strong recommendation to sell.
I m not forcing anyone to sell, its up to them. In hindsight, those that followed will hv thanks me for the recommendation.

Posted by domdom860 > 2019-03-14 09:58 | Report Abuse

但是你连续的重复 你不觉得已形成了某些动态吗？

Posted by domdom860 > 2019-03-14 09:59 | Report Abuse

而且造成现在的低价 也是被人push下来的

Posted by domdom860 > 2019-03-14 10:00 | Report Abuse

我可以用我自己思维来想像吗 ？

Posted by NoStyle > 2019-03-14 10:38 | Report Abuse

I am losing money with this counter. Any possibility of this counter going up? Fundamentals look good though...

Posted by domdom860 > 2019-03-14 10:45 | Report Abuse

会 .只是 大鄂 还没吃饱而已

Posted by domdom860 > 2019-03-14 10:46 | Report Abuse

nostyle so big price u buy ?

Posted by shpg22 > 2019-03-14 10:58 | Report Abuse

2-3 quarters of strong growth doesn't mean fundamental is good. It can be easily manipulated.

Posted by domdom860 > 2019-03-14 11:07 | Report Abuse

ya u right , any report can be changed . but i can't understand. until now why are you still clinging to this one counter. why u dont go another counter? what u can get ?

Posted by shpg22 > 2019-03-14 11:09 | Report Abuse

I m in every counter. But this 1 is quite interesting.

Posted by domdom860 > 2019-03-14 11:17 | Report Abuse

还有 基本面 都是被所谓的 庄家 大鄂 炒出来的

Posted by shpg22 > 2019-03-14 11:17 | Report Abuse

I think those that want me to go away has a strong hidden agenda

Posted by domdom860 > 2019-03-14 11:29 | Report Abuse

再加 一句 strong sell 和 push down volume 就可以形成了一定作用了. shpg22 对吗？

Posted by shpg22 > 2019-03-14 11:33 | Report Abuse

I don't think a few traders here can hv much effect on the stock price.

Posted by shpg22 > 2019-03-14 11:36 | Report Abuse

Just a proof that i m not always negative but rather neutral on stock recommendation. As always, u can choose to ignore it.

HARBOUR
-------
shpg22 MAINTAINED STRONG BUY at fair price of 1.00
14/03/2019 10:31

Posted by domdom860 > 2019-03-14 12:00 | Report Abuse

那真的替那些住高楼的住客 谢谢你

Posted by domdom860 > 2019-03-14 13:49 | Report Abuse

shpg22 我好奇问下. 以你连续给的忠告，现在物价也到了那么低. 以基本面炒作 你已买入了多少 ？ 教教小弟

Posted by NoStyle > 2019-03-14 14:30 | Report Abuse

@domdom860 - Went in at 0.50. Thought I was buying at near resistance low. Who knows it fell further.

Posted by domdom860 > 2019-03-14 14:32 | Report Abuse

u buy big volume ?

Posted by shpg22 > 2019-03-14 15:22 | Report Abuse

domdom860 Since you ask

I will NEVER touch this stock regardless of the price. The management is not trustworthy and alot hanky panky. There are so many other good company out there, why stick to this 1 ?

Posted by domdom860 > 2019-03-14 15:26 | Report Abuse

那为什么你老是重提你的差评？就像要给它致命一样 ？

Posted by domdom860 > 2019-03-14 15:27 | Report Abuse

搞得人心惶惶

Posted by NoStyle > 2019-03-14 16:30 | Report Abuse

domdom860 - Yeap, big volume.

Posted by domdom860 > 2019-03-14 16:50 | Report Abuse

nostyle oh sh!t

Posted by NoStyle > 2019-03-14 17:28 | Report Abuse

domdom860 insider news on the price not going up?

Posted by domdom860 > 2019-03-14 18:14 | Report Abuse

nostyle insider news ? i dont know .im not the working inside..i dont think so the price wont go up.